From October 29-31, the 8th Future Investment Initiative (FII) Conference took place in Riyadh, Saudi Arabia.
Speaking at the conference, Prime Minister Pham Minh Chinh highly appreciated the conference's theme "Endless Horizon: Investing today, orienting for tomorrow" because this is a good opportunity to exchange, share, and propose investment cooperation initiatives, overcoming all limits to move towards a sustainable and prosperous future.
The Prime Minister emphasized that it is especially important not to politicize development investment; it is necessary to focus on encouraging all investments for development, especially investments in science and technology, innovation, improving the quality of human resources, digital transformation, green transformation, circular economy, and responding to climate change to effectively promote the potential and strengths of each country, ethnic group, and each subject to rise together, towards "Endless Horizons".
The Prime Minister said that with this conference, Vietnam hopes that partners, the business community and investors will promote their pioneering role in leading and orienting future development. In particular, it is necessary to accompany, support, help and promote cooperation and investment in developing and poor countries, "leaving no one behind".
Appreciating the good friendship between Vietnam and Saudi Arabia, the Prime Minister especially appreciated the “Look East” policy of the countries in the Middle East. The two countries have many similarities and strengths that can support and complement each other, both valuing time and intelligence, and new fields.
Therefore, the Prime Minister hopes that partners, businesses and investors will continue to promote investment and business in Vietnam, especially in areas of demand: digital transformation, artificial intelligence, cloud computing, Internet of Things, renewable energy, smart cities, smart infrastructure, smart governance, etc. The Prime Minister emphasized that Vietnam always adheres to the policy of increasing the attraction of all resources from inside and outside.
The Prime Minister said that Saudi Arabia has a proverb: "One hand does not make a sound". Vietnam has Ho Chi Minh's ideology: "Unity, unity, great unity - Success, success, great success". Therefore, he expressed his wish and belief that businesses and investors in Saudi Arabia, Vietnam in particular, the Middle East and the world in general, will work together, promote the spirit of "tomorrow starts from today", strengthen investment cooperation with each other, together towards "endless horizons" for a safe, sustainable and prosperous world.
After his speech, the Prime Minister participated in a discussion session with Ms. Zanny Minton Beddoes - Editor-in-Chief of The Economist magazine; discussing Vietnam's position as a gateway to Southeast Asia for Middle Eastern countries; as well as Vietnam's strategy to welcome the wave of the 4th industrial revolution, implement the green transformation strategy and commit to Net Zero.
When asked about Vietnam's vision and choices for development, the Prime Minister affirmed that Vietnam will always adapt and harmonize the interests of all parties. The Prime Minister also affirmed that strategic views, innovative thinking and appropriate vision to encourage investors will be the key for Vietnam and investors to "work together, win together".
